ALGONQUIN POWER & UTILITIES - Daily - Technical analysis published on 10/10/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 13.53 USD
My targets
13.84 USD (+0.22%)
My analysis
The bullish trend is currently very strong on ALGONQUIN POWER & UTILITIES. As long as the price remains above the support at 13.53 USD, you could try to benefit from the boom. The first bullish objective is located at 13.84 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ALGONQUIN POWER & UTILITIES price is 13.81 USD. The price registered a decrease of -1.57% on the session with the lowest point at 13.75 USD and the highest point at 14.04 USD. The deviation from the price is +0.44% for the low point and -1.64% for the high point.13.75
14.04
13.81
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of ALGONQUIN POWER & UTILITIES indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 12.50 | 12.98 | 13.53 | 13.81 | 13.84 |
| Change (%) | -9.49% | -6.01% | -2.03% | - | +0.22% |
| Change | -1.31 | -0.83 | -0.28 | - | +0.03 |
| Level | Minor | Major | Major | - | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.87 | 13.27 | 13.65 | 14.05 | 14.43 | 14.83 | 15.21 |
| Camarilla | 13.82 | 13.89 | 13.96 | 14.03 | 14.10 | 14.17 | 14.25 |
| Woodie | 12.86 | 13.27 | 13.64 | 14.05 | 14.42 | 14.83 | 15.20 |
| Fibonacci | 13.27 | 13.57 | 13.75 | 14.05 | 14.35 | 14.53 | 14.83 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.94 | 13.17 | 13.55 | 13.78 | 14.16 | 14.39 | 14.77 |
| Camarilla | 13.77 | 13.83 | 13.88 | 13.94 | 14.00 | 14.05 | 14.11 |
| Woodie | 13.03 | 13.21 | 13.64 | 13.82 | 14.25 | 14.43 | 14.86 |
| Fibonacci | 13.17 | 13.40 | 13.54 | 13.78 | 14.01 | 14.15 | 14.39 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.13 | 12.51 | 13.11 | 13.49 | 14.09 | 14.47 | 15.07 |
| Camarilla | 13.43 | 13.52 | 13.61 | 13.70 | 13.79 | 13.88 | 13.97 |
| Woodie | 12.23 | 12.56 | 13.21 | 13.55 | 14.19 | 14.53 | 15.17 |
| Fibonacci | 12.51 | 12.89 | 13.12 | 13.49 | 13.87 | 14.10 | 14.47 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.77 | |
| MACD (12,26,9): | 0.2400 | |
| Directional Movement: | 23.56 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 13.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 13.49 | |
| Elder Ray (13): | 0.17 | |
| Super Trend (3,10): | 13.42 | |
| Zig ZAG (10): | 13.81 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 67.02 | |
| TEMA (21): | 13.97 | |
| Williams %R (14): | -55.86 | |
| Chande Momentum Oscillator (20): | 0.38 | |
| Repulse (5,40,3): | -0.5300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 7.36 |
| MA7: | 13.82 | |
| MA20: | 13.59 | |
| MA50: | 13.13 | |
| MA100: | 12.56 | |
| MAexp7: | 13.84 | |
| MAexp20: | 13.61 | |
| MAexp50: | 13.18 | |
| MAexp100: | 12.64 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +1.62% | |
| Price / MA50: | +5.18% | |
| Price / MA100: | +9.95% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | +1.47% | |
| Price / MAexp50: | +4.78% | |
| Price / MAexp100: | +9.26% |
News
The latest news and videos published on ALGONQUIN POWER & UTILITIES at the time of the analysis were as follows:
- Algonquin Power & Utilities Corp. Announces Closing of Subordinated Debt Offering and Exercise in Full of Over-Allotment Option
- Algonquin Power & Utilities Corp. Announces Dates for 2018 Third Quarter Financial Results and Conference Call
- Algonquin Power & Utilities Corp. Announces Pricing of US$250 Million Subordinated Debt Offering
- Algonquin Power & Utilities Corp. Announces 2018 Second Quarter and Year to Date Financial Results
- Algonquin Power & Utilities Corp. Declares Third Quarter 2018 Preferred Share Dividends
This member declared not having a position on this financial instrument or a related financial instrument.
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